Built on the Solana blockchain, BlazeStake Staked SOL (BSOL) is a non-custodial liquid staking protocol designed to support the Solana ecosystem. By staking SOL through BlazeStake, users receive BSOL tokens that can be used in DeFi applications, increasing their rewards and value over time.
The key technical feature of BlazeStake is its ability to automatically delegate SOL across hundreds of validators, maximizing decentralization and security on the Solana blockchain. This is achieved through the use of official stake-pool smart contracts from Solana Labs, which are more heavily audited than those used by other major pools. Additionally, BlazeStake has an open referral program to help grow stake to the pool and increase decentralization.
BSOL tokens can be used in various DeFi applications, such as providing liquidity on decentralized exchanges or participating in a DAO-based treasury to support Solana ecosystem projects. Users can also claim exclusive airdrops relative to their stake amount, further increasing their staking rewards. In the longer term, a portion of stake pool fees will go towards an ecosystem treasury where the community can vote to support various projects on Solana.
The BlazeStake team has developed several innovative tools and services, including the first-ever global rewards program for SOL liquid staking and DeFi adoption on Solana, known as BlazeRewards. They have also created a custom LST creator called Bliq, which allows users to create their own custom LSTs and stake/unstake them. Furthermore, the team has set up a simple token minter project to allow users to easily mint their own SPL tokens on Solana.
BlazeStake is positioned as a leader in the Solana ecosystem, with its large validator set of over 200 validators, making it one of the most decentralized stake pools on the network. The protocol's focus on maximizing decentralization and security has earned it a reputation as a trusted and reliable staking solution for Solana users. With its innovative features and commitment to supporting the Solana ecosystem, BlazeStake Staked SOL (BSOL) is poised to continue growing in popularity and adoption.
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